Dominion Energy, Inc. (NYSE:D) Shares Sold by Rafferty Asset Management LLC

Rafferty Asset Management LLC decreased its position in Dominion Energy, Inc. (NYSE:D) by 2.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 94,312 shares of the utilities provider’s stock after selling 2,358 shares during the period. Rafferty Asset Management LLC’s holdings in Dominion Energy were worth $5,080,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of D. Norges Bank acquired a new stake in Dominion Energy in the fourth quarter valued at $473,354,000. American Century Companies Inc. grew its holdings in Dominion Energy by 207.7% in the fourth quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider’s stock valued at $202,724,000 after purchasing an additional 2,540,713 shares during the last quarter. Marshall Wace LLP grew its holdings in Dominion Energy by 8,585.3% in the fourth quarter. Marshall Wace LLP now owns 2,210,322 shares of the utilities provider’s stock valued at $119,048,000 after purchasing an additional 2,184,873 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Dominion Energy by 4.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider’s stock valued at $1,667,540,000 after acquiring an additional 1,459,926 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Dominion Energy by 16.7% in the fourth quarter. Northern Trust Corp now owns 9,315,991 shares of the utilities provider’s stock valued at $501,759,000 after acquiring an additional 1,330,459 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

D has been the topic of several recent research reports. UBS Group upped their price objective on Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. JPMorgan Chase & Co. restated an “underweight” rating and issued a $52.00 price objective (down from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Morgan Stanley upped their price objective on Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. Finally, Argus upgraded Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and an average target price of $58.75.

Dominion Energy Stock Performance

NYSE D opened at $55.78 on Friday. The business’s 50-day moving average price is $53.92 and its 200 day moving average price is $55.06. Dominion Energy, Inc. has a twelve month low of $47.99 and a twelve month high of $61.97. The company has a market capitalization of $47.57 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last released its earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.11. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $3.95 billion. During the same period in the prior year, the business posted $0.55 earnings per share. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, research analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.79%. Dominion Energy’s dividend payout ratio (DPR) is 100.00%.

Dominion Energy Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.